A foreign bank maintains a correspondent account in the US. According to an investigation carried out by US authorities, the specific correspondent account seems to have facilitated a transaction…

The FinCEN CDD Final Rule establishes customer due diligence and beneficial ownership requirements for financial institutions but does not grant seizure or forfeiture authority over correspondent account funds.

The 6th EU AML Directive is a European Union instrument that applies to EU member states and their obliged entities and has no jurisdictional authority over US law enforcement actions.

OFAC regulations administer and enforce economic and trade sanctions programs targeting specific countries, entities, and individuals but do not provide the legal mechanism to seize correspondent account funds based on a money laundering transaction.

Section 319(a) of the USA PATRIOT Act explicitly authorizes US law enforcement to seize or forfeit funds from a US correspondent account held by a foreign bank when that account has been used to facilitate money laundering or other crimes, even if the tainted funds are no longer present in the US account.